India pellet export regains momentum post Chinese holiday

Source: Steelmint Jan 08, 2021 11:00

SteelMint's weekly pellet export index (FOB east coast India) stands at $187/t, up by $6/t w-o-w following decline in Chinese port inventory and improved demand from Chinese mills. In a confirmed trade reported, an eastern India based pellet maker has concluded 55,000 t pellet (Fe 63%, 3% Al) deal towards the beginning of this week at $195-196/t CFR for mid-Jan'21 laycan. A couple of more pellet makers have floated export offers so far this week, traders reported SteelMint.

Chinese market participants highlighted that imported pellet demand is still decent and is being preferred due to winters. "Some pellet makers from eastern India are also looking to conclude export deals but their expectations are slightly higher than the current bids coming from China", a trader commented during a conversation

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